Can I retire at age 50 with 5,600,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$462,443$458,324$454,305$450,382$446,552$437,536
2 years$228,932$224,668$220,536$216,530$212,644$203,600
3 years$151,105$146,823$142,702$138,733$134,910$126,120
4 years$112,200$107,931$103,850$99,949$96,219$87,751
5 years$88,862$84,619$80,592$76,771$73,144$65,022
6 years$73,309$69,098$65,130$61,394$57,876$50,109
7 years$62,204$58,028$54,124$50,475$47,069$39,658
8 years$53,879$49,741$45,901$42,343$39,048$31,992
9 years$47,408$43,308$39,535$36,066$32,884$26,177
10 years$42,233$38,174$34,467$31,090$28,019$21,655
11 years$38,003$33,984$30,344$27,057$24,097$18,069
12 years$34,480$30,502$26,930$23,733$20,882$15,180
13 years$31,501$27,565$24,060$20,953$18,210$12,824
14 years$28,950$25,056$21,618$18,599$15,963$10,884
15 years$26,741$22,889$19,518$16,587$14,055$9,271
16 years$24,810$21,000$17,696$14,852$12,422$7,923
17 years$23,108$19,341$16,103$13,345$11,014$6,789
18 years$21,597$17,872$14,700$12,026$9,793$5,830
19 years$20,247$16,563$13,457$10,867$8,729$5,015
20 years$19,033$15,391$12,350$9,842$7,797$4,322
21 years$17,936$14,336$11,360$8,932$6,977$3,729
22 years$16,940$13,383$10,470$8,121$6,254$3,222
23 years$16,032$12,516$9,667$7,396$5,614$2,786
24 years$15,201$11,727$8,940$6,746$5,046$2,412
25 years$14,438$11,005$8,280$6,161$4,541$2,089
26 years$13,734$10,343$7,680$5,633$4,090$1,810
27 years$13,084$9,734$7,131$5,156$3,687$1,570
28 years$12,481$9,172$6,629$4,724$3,327$1,362
29 years$11,921$8,653$6,169$4,332$3,004$1,182
30 years$11,399$8,172$5,746$3,976$2,715$1,027
31 years$10,912$7,725$5,357$3,651$2,454$892
32 years$10,456$7,310$4,998$3,356$2,220$775
33 years$10,029$6,922$4,667$3,086$2,009$673
34 years$9,627$6,561$4,361$2,839$1,819$585
35 years$9,250$6,223$4,077$2,614$1,648$509
36 years$8,894$5,906$3,814$2,407$1,493$442
37 years$8,558$5,610$3,570$2,218$1,353$385
38 years$8,241$5,331$3,343$2,044$1,227$334
39 years$7,941$5,069$3,132$1,885$1,112$291
40 years$7,656$4,823$2,936$1,739$1,009$253
41 years$7,386$4,591$2,753$1,604$915$220
42 years$7,130$4,372$2,582$1,480$831$191
43 years$6,886$4,166$2,423$1,367$754$167
44 years$6,654$3,971$2,274$1,262$684$145
45 years$6,432$3,787$2,135$1,165$621$126
46 years$6,221$3,613$2,006$1,076$564$110
47 years$6,020$3,447$1,884$994$512$95
48 years$5,828$3,291$1,771$919$465$83
49 years$5,644$3,143$1,664$849$422$72
50 years$5,468$3,002$1,565$785$384$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $5,600,000, adding $4,941 every year, while hoping to spend $35,518 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 59/15/26 Blend
49$5,600,000$5,600,000$5,600,000$5,600,000
50$6,176,297$5,879,497$5,792,697$6,497,010
51$6,768,488$6,129,801$5,948,961$6,966,686
52$7,419,893$6,391,180$6,109,270$7,474,512
53$8,136,512$6,664,139$6,273,721$8,027,677
54$8,924,961$6,949,206$6,442,415$8,630,592
55$9,792,525$7,246,934$6,615,454$9,288,109
56$10,747,232$7,557,904$6,792,942$10,005,567
57$11,797,930$7,882,722$6,974,985$10,788,843
58$12,954,365$8,222,021$7,161,693$11,644,402
59$14,227,277$8,576,467$7,353,177$12,579,363
60$15,628,501$8,946,756$7,549,550$13,601,559
61$17,171,075$9,333,614$7,750,928$14,719,615
62$18,869,370$9,737,806$7,957,428$15,943,024
63$20,739,215$10,160,128$8,169,172$17,282,238
64$22,798,058$10,601,418$8,386,282$18,748,764
65$25,065,122$11,062,548$8,608,884$20,355,274
66$27,561,588$11,544,437$8,837,105$22,115,717
67$30,310,798$12,048,043$9,071,077$24,045,455
68$33,338,472$12,574,370$9,310,930$26,161,406
69$36,672,952$13,124,470$9,556,803$28,482,199
70$40,345,469$13,699,444$9,808,831$31,028,349
71$44,390,437$14,300,447$10,067,157$33,822,453
72$48,845,777$14,928,685$10,331,923$36,889,393
73$53,753,280$15,585,424$10,603,275$40,256,580
74$59,158,992$16,271,987$10,881,363$43,954,201
75$65,113,658$16,989,763$11,166,337$48,015,509
76$71,673,193$17,740,204$11,458,352$52,477,128
77$78,899,217$18,524,832$11,757,564$57,379,403
78$86,859,629$19,345,240$12,064,134$62,766,777
79$95,629,252$20,203,098$12,378,224$68,688,203
80$105,290,540$21,100,154$12,699,999$75,197,612
81$115,934,354$22,038,240$13,029,627$82,354,412
82$127,660,817$23,019,274$13,367,280$90,224,050
83$140,580,267$24,045,265$13,713,130$98,878,629
84$154,814,289$25,118,318$14,067,355$108,397,579
85$170,496,869$26,240,637$14,430,133$118,868,410
86$187,775,655$27,414,534$14,801,648$130,387,534
87$206,813,352$28,642,426$15,182,084$143,061,168
88$227,789,259$29,926,850$15,571,628$157,006,339
89$250,900,958$31,270,460$15,970,472$172,351,980
90$276,366,182$32,676,039$16,378,809$189,240,146
91$304,424,868$34,146,501$16,796,835$207,827,352
92$335,341,425$35,684,899$17,224,749$228,286,044
93$369,407,224$37,294,434$17,662,753$250,806,226
94$406,943,356$38,978,456$18,111,050$275,597,245
95$448,303,657$40,740,478$18,569,848$302,889,767
96$493,878,048$42,584,180$19,039,356$332,937,948
97$544,096,221$44,513,417$19,519,787$366,021,828
98$599,431,690$46,532,229$20,011,354$402,449,970
99$660,406,262$48,644,848$20,514,275$442,562,368
100$727,594,966$50,855,711$21,028,768$486,733,651